GAMMA Investing LLC Has $5.42 Million Stake in American Express Company $AXP

GAMMA Investing LLC lifted its stake in American Express Company (NYSE:AXP) by 13.6% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 16,011 shares of the payment services company’s stock after purchasing an additional 1,918 shares during the quarter. GAMMA Investing LLC’s holdings in American Express were worth $5,416,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Evolution Wealth Management Inc. raised its holdings in American Express by 6,600.0% in the 4th quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock valued at $25,000 after acquiring an additional 66 shares in the last quarter. Joseph Group Capital Management acquired a new stake in shares of American Express during the 4th quarter worth $26,000. Sfam LLC bought a new position in shares of American Express in the fourth quarter worth $26,000. Caitong International Asset Management Co. Ltd bought a new position in shares of American Express in the fourth quarter worth $28,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in American Express in the third quarter valued at about $28,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on AXP shares. JPMorgan Chase & Co. raised shares of American Express from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $328.00 to $400.00 in a research report on Monday, July 13th. UBS Group dropped their target price on shares of American Express from $386.00 to $384.00 and set a “neutral” rating for the company in a research report on Monday. Guggenheim assumed coverage on shares of American Express in a report on Monday, July 13th. They set a “buy” rating for the company. BTIG Research reduced their price target on shares of American Express from $324.00 to $315.00 and set a “sell” rating on the stock in a research report on Monday, July 27th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of American Express in a research report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $372.84.

American Express Stock Performance

American Express stock opened at $347.20 on Wednesday. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 1.66. The stock has a market cap of $234.47 billion, a PE ratio of 21.07, a P/E/G ratio of 1.39 and a beta of 1.04. American Express Company has a 12-month low of $290.63 and a 12-month high of $387.49. The business’s 50-day moving average price is $336.35 and its two-hundred day moving average price is $328.39.

American Express (NYSE:AXP) last posted its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share for the quarter, beating analysts’ consensus estimates of $4.41 by $0.12. The company had revenue of $14.99 billion for the quarter, compared to the consensus estimate of $19.70 billion. American Express had a net margin of 15.07% and a return on equity of 34.12%. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period last year, the company posted $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, analysts expect that American Express Company will post 17.67 earnings per share for the current fiscal year.

American Express Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd will be given a $0.95 dividend. The ex-dividend date is Thursday, July 2nd. This represents a $3.80 dividend on an annualized basis and a yield of 1.1%. American Express’s dividend payout ratio (DPR) is currently 23.06%.

American Express Profile

American Express is a global financial services company primarily known for its payment card products, travel services and merchant network. Founded in 1850 as an express mail business, the company evolved through the 20th century into a payments and travel-focused organization. Its core activities include issuing consumer and commercial charge and credit cards, operating a global card acceptance and processing network, and providing travel-related services and customer loyalty programs.

American Express issues a range of products for individuals, small businesses and large corporations, including personal cards, business and corporate cards, and co‑brand partnerships with airlines, hotels and retailers.